IoT in Smart Cities Market - Increasing Demand of Intelligent Cites and Growing Urbanization

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Albert Morris

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Sep 8, 2017, 6:35:44 AM9/8/17
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A 'smart city' is an urban region that is highly advanced in terms of overall infrastructure, sustainable real estate, communications and market viability. It is a city where information technology is the principal infrastructure and the basis for providing essential services to residents. The concept of a "smart city" is becoming more and more prevalent, with cities recognizing that analytics and business intelligence can be integral to running a municipality more efficiently. The global IoT in smart cities market is expected to witness decent growth during the forecast period due to increasing demand of intelligent cites. Growing urbanization and increasing demand for better energy management are further fueling the growth of this market. Some of the leading players in IoT in Smart Cities market are SAP SE, IBM Corporation, Oracle Corporation, Microsoft Corporation, SAS institute, Salesforce, tableau, Intel Corporation, Cisco Corporation and Bosch Software Innovation GmbH.

 

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